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Mandalay Government to Spend K4b for Staff Housing

Mandalay regional government will spend nearly K4 billion for a mega-housing project in eight townships for civil servants starting mid-2018 to meet staff housing requirements, an Urban and Housing Development official told The Myanmar Times. The construction plan is part of regional government’s plan to be implemented during the interim-budget period before fiscal year 2018-2019 starts on […]

Myanmar, S. Korea Agree to Build Logistics Hub in Yangon

YANGON, Feb. 6 (Xinhua) — Myanmar and South Korea signed a memorandum of understanding to build a logistics hub of international standard in Yangon, the official Global New Light of Myanmar reported Tuesday. The logistics hub will be constructed by the Myanmar Ministry of Commerce and the HUBS MK Company of South Korea on a […]

Parliament Warns Urban Planners to Follow the Law

A legislator has asked parliament to conduct a systematic review of all urban planning projects to determine if they are following the law. Urban planning inconsistent with the law, rules and regulations needs to be reviewed, Daw Ni Ni May Myin, of Taunggok township in Rakhine State, told the Pyithu Hluttaw on Friday. “Since the objective […]

JICA Surveys Infrastructure Needs for Dawei SEZ

YANGON- A team led by the Japan International Cooperation Agency (JICA) is making a survey on the implementation of basic infrastructure, such as a deep sea port and electricity supply, in Dawei Special Economic Zone (SEZ), Taninthayi Region. This is according to Dr Tun Naing, Deputy Minister of Electricity and Energy, who is also chairman […]

Wary of China’s Foothold, Japan Urges India to Help Myanmar

​​​​​​ Japan’s special envoy to Myanmar urged New Delhi to play an active role in protecting the troubled country before it falls back into China’s orbit. “India, with her old relationship, should play a more proactive role in Myanmar,” Yohei Sasakawa was quoted as saying in the Times of India. Myanmar faces mounting international pressure […]

Myanmar Aims to Harmonise Hotel Industry, Environment

The newfound political stability in Myanmar since the peaceful transition to democracy began two years ago has led to a boom in the country’s hotel industry, buoyed by the influx of tourists. But in the rush to construct more hotels to provide accommodation for the bourgeoning tourism sector, issues related to environment and environmental conservation […]

EU and Germany Invest 22.25 Million EUR Aquaculture in Myanmar

The Department of Fisheries of the Ministry of Agriculture, Livestock and Irrigation hosted the official launch of the Myanmar Sustainable Aquaculture Programme (MYSAP) in Naypyidaw today. Over the course of five years, MYSAP will support the sustainable development of aquaculture in Myanmar, with 22.25 million EUR (36.70 billion MMK) in funding from the European Union […]

Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

MAEX to List on YSX This Year

Myanmar Agro Exchange Public Limited (MAEX) emerged three years ago with the purpose to develop the agricultural, fish and meat wholesale market throughout Myanmar. And it was with fanfare that Win Aung, chairman of MAEX Limited, said at the official opening ceremony of the Danyin Gone fruits, flowers and vegetables wholesale market on 30 January […]

Government Commits to Long Term Aquaculture Development; Starts Dialogue on Issues

Myanmar has taken its first major step towards developing a sustainable aquaculture industry that will meet domestic dietary needs and support the country’s fishery exports business at a time when wild fish stocks are declining rapidly. “The fisheries sector is one of the most important for our ministry, contributing to the protein needs of our […]